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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Newton at 1140 W 18th St S UNIT D, Newton, IA, 50208 offers a 8.8% rental yield on a $230,000 purchase with $1,686/mo rent. Total monthly income registers $1,686/mo, and a $1,126/mo payment leaves $42/mo available for distribution. Annual cash flow reaches $504/yr on $76,245 to close, and return on cash invested stands at 20.57% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,545 over five years. Portfolio math shows five-year ROI at 107.63% and total cumulative return in cash at $82,063. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,686/mo property income against a $1,126/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
8,376 sqft lot
$N/A/sqft
$150 monthly HOA
Neighborhood data shown for ZIP Code: 50208, Newton, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,966 (100%) |
| Owner Occupied HU | 5,655 (63.1%) |
| Renter Occupied HU | 2,601 (29.0%) |
| Vacant Housing Units | 710 ( 7.9%) |
| Median Home Value | $171,711 |
| Average Home Value | $218,468 |
Residential
8,615
Single Family
7,477
Multi-Family
1,138
Businesses
647
Date | Event | Price |
|---|---|---|
| 2025-05-08 | Sold | $230,000 |
| 2025-04-04 | Pending sale | $234,000 |
| 2025-03-24 | Price change | $234,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-19 | $2750.00 | -7.47% | $172,100 | N/A |
| 2023-10-19 | $2972.00 | 8.39% | $172,100 | 17.81% |
| 2022-10-19 | $2742.00 | 10.92% | $146,080 | 7.69% |
Listed by: Caren Clevenger • Iowa Realty Newton
Mls Name: DMMLS
Mls Provider:
Mls ID: #704685
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
